The History Channel is about to launch a new series focusing on the somewhat unpromising subject of a pawnshop. The series goes by the rather prurient but, I suppose, amusing moniker of Pawn Stars and features three generations working together in the pawn business, a business that served as the main form of credit in the United States until about 1950 and remains one of the oldest forms of banking. This particular business is apparently the only family-run pawnshop in Los Angeles and indeed the family tensions and camaraderie make up a large part of the premiere episode. Thus the History Channel enters the world of (quasi-) reality TV in a manner in which only The History Channel could—mixing family and business dynamics with a genuine interest in historical artifacts.
Richard Harrison (often simply called “the Old Man”) started his “Gold & Silver Pawn Shop” in 1988 after losing millions in real estate. He dresses, at least for the credits, as an underachieving mob boss and because of his poor eyesight (presumably) he squints no end. Supposedly, he assesses the value of any piece of merchandise with remarkable exactitude (at least according to the press material) but in this episode he is exposed as having made a rather serious gaffe—he priced a Carson City coin worth roughly $500 at a mere $50 because he could not accurately read the back of the coin. His son and grandson finally convince him to visit the eye doctor but he insists on driving to the appointment!